Are you a salaried individual in India keen on optimizing your credit card benefits? If your annual spending falls between Rs. 2 and Rs. 3 lakh, you’re in the right place. In this blog post, we explore the curated list of the 5 Best Credit Cards for Beginners in India that offer a minimum of 5% cashback on specific transactions and 1% on all other expenses.
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Making Smart Choices for Maximum Value
When it comes to credit cards, the key is to make informed choices. By strategically combining two different credit cards, each offering unique benefits, you can create a winning combo for the best value. For instance, consider applying for an SBI Cashback Credit Card for online spending and an Axis Ace Credit Card for utility bill payments—a clever strategy to earn 5% cashback in both categories.
Best Credit Cards for Beginners in India
SBI Cashback Credit Card
Biggest Benefit: 5% cashback on all online purchases
Best for: Online Expenses
The SBI Cashback Credit Card stands out as an excellent choice for online spending enthusiasts. Offering a generous 5% cashback on all online purchases without specific website restrictions, this card eliminates the need for multiple cards. Additionally, you earn 1% cashback on all offline spending. With a reasonable annual fee of Rs 999 and an annual waiver of Rs 2 lakh, it’s a cost-effective choice.
Axis Ace Credit Card
Biggest Benefit: 5% cashback on GPay
Best for: Utility Payments
Axis Ace Credit Card is the go-to option for utility bill payments, providing a 5% cashback on GPay. What’s more, you enjoy a 2% cashback on all other transactions, making it the top choice among beginner-level credit cards. With an annual fee of just Rs 499 and an annual waiver of Rs 2 lakh, it’s a budget-friendly choice.
HDFC Millennia Credit Card
Biggest Benefit: 5% cashback on Amazon
For: Online Shopping and Airport Lounge Access
HDFC Millennia Credit Card caters to both online shoppers and travelers. Offering 5% cashback on selected merchants like Amazon, BookMyShow, Flipkart, and more, it’s a versatile choice. The additional perk of 8 complimentary domestic lounge accesses per calendar year sets it apart. The annual fee of Rs 1000 is justified, with a waiver of Rs 1 lakh.
ICICI Amazon Pay Credit Card
Biggest Benefit: 5% cashback on Amazon
Special Feature: Lifetime Free
The ICICI Amazon Pay Credit Card targets Amazon enthusiasts, providing 5% cashback to Prime members and 3% to non-Prime members on Amazon shopping. With a lifetime-free card and no annual fee, it’s an attractive proposition. You also earn 1% on all other online and offline spending.
Axis Flipkart Credit Card
Biggest Benefit: 5% cashback on Flipkart
Best for: Flipkart Shopping
The Axis Flipkart Credit Card is tailored for Flipkart lovers, offering a substantial 5% cashback on all Flipkart spending (excluding hotel and flight bookings). With a reasonable annual fee of Rs. 500 and an annual waiver of Rs. 3.5 lakh, it’s a top choice for avid online shoppers.
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Conclusion
Choosing the best credit card for your spending habits can significantly impact your financial journey. Whether you prioritize online shopping, utility payments, or a mix of both, combining the right credit cards allows you to maximize benefits. If you’re looking to avoid annual fees or explore premium credit cards for higher salaries, we’ve got you covered in our related articles.
Remember, your credit card should align with your financial goals. Feel empowered to make informed decisions and happy spending!